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Monday, 12 January 2015

Research and Forecast on
China Insulin Market, 2014-2018 carries on a thorough analysis of development
history, policy environment, import and export, new products and key
enterprises of China Insulin Market.

A survey conducted by
Huidian Research shows that China's insulin market scale approximately
registered CNY 11 billion in 2013, of which CNY 7.5 billion achieved in
second-generation insulin market and CNY 3.5 billion generated in
third-generation insulin market. Now third-generation insulin market grows
faster than second-generation insulin. And second-generation insulin market
will accelerate growing space because it is just listed into new essential drug
catalogue.

Currently there are only
two companies owning full series of insulin products globally, Tonghua Dongbao
is one of the two. As for global insulin market at present, only three
companies, including Tonghua Dongbao, Novo Nordisk and Eli Lilly, produce
second-generation insulin in quantity. Under oligopolistic competition in the
global market, it is difficult to tell which companies' products are better,
but Tonghua Dongbao enjoys the lowest overall production cost. Compared with
expensive insulin produced by transnational giants, governments can reduce
expenditure of health insurance if buying Dongbao's insulin, so Tonghua Dongbao
will become a powerful contender when competing for more market shares with
transnational giants in the developing countries.

Four domestic companies
obtained production approval of second-generation insulin, namely United
Laboratories, Donghua Tongbao, Wanbang and Shenzhen Kexing Biotech. The latter
two received production approval in 2003, but their products did not sell in
market due to bad quality. Currently Wanbang's animal insulin injections enjoy
the largest sales volume in China.

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